The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (266665)	8/5/2010 1:43:23 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

Why not airdrop the 40 billion to everyone. Or simply cut taxes? Oh, right, not Democratic enough.....let's give a cut to the upper-middle class with the largest mortgages instead! Es muy stupido......(or corrupt, but who's quibbling). The answer of course is that this is not a bailout of the homedebtors....it's a bailout of the home OWNERS, i.e, the banks at taxpayor expense via the FNM/FRE sluice. TARP III as it were......like DeNiro says in Casino, "The goal is to keep them playing and playing. The longer they play (i.e, make mrotgouge payments) the more they lose. In the end we (the banksters) get it ALL!" <NFG, none at all>

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